MONEY SCAM AT PEOPLE’S BANK PILIYANDALA

The Deputy Manager of Peoples Bank, Piliyandala had pilfered funds of affluent clients in ‘Robin Hood’ style:

If a Bank Manager could misappropriate funds of clients it could be compared to something that happens in a paddy field of robbing between the fence and the dam.
The manner this huge fraud had been perpetrated at the People’s Bank has now been revealed by the CID. It had been very shrewdly manipulated by the Deputy lady Manageress of the branch. This had been brought to light when the audit report was queried by the related Head Office authorities and the reasons for discrepancies were queried.
According to statistics she had fraudulently cheated for a sum amounting to approximately Rs 10 Million. For these fraudulent activities she had deployed some methods that cannot be even believed.
The tactics had been very similar to those adopted by ‘Robin Hood’. She had transferred funds of affluent customers to those of poor customers. The Deputy Manageress had transferred the proceeds of cheques sent to the accounts of affluent customers to recover the monthly loan instalments to the accounts of non affluent customers. Then she was used to tell them that ‘could you do her a favour by saying some funds by mistake sent to her had been credited to their accounts.Please withdraw them and give me’. The non affluent customers had obliged her. When queries were made with regard to non payments of loan instalments she used to deposit the amounts to the accounts of the affluent customers.
For manipulation of this exercise she has had about 15 such non affluent customers. She had been indulged in this type of misappropriating funds since the year 2007.The amount fraudulently collected had amounted to nearly Rs 10 million. She has not deposited any money to any of her accounts. This tactic she had manipulated for a number years.
It is learnt that she has obtained the services of two members of the staff to help her in this fraudulent activity. When the CID questioned her initially she had told that “I am not aware of anything”. However on cross examination she had admitted having committed this huge fraud. Police had come to know that she is a wife of a Co-ordinating Secretary of a powerful Minister and with that backing she has had the strength and courage to manipulate this huge fraud.
She had been produced before courts and ordered to be remanded until the 27th.